Two-Unit Residential Income
1498 Escalon Avenue Clovis, CA 93611
1498 Escalon Avenue, Clovis, CA, 93611
$459,900
For Sale
$459,900
Main home plus detached studio on one lot, each with separate washer/dryer hookups and fenced private back yards.
Property Size1,248 SF
Price / SF$368.51
Days on Market265
Property Features for 1498 Escalon Avenue
General Information
- Standard status
- Active
- Size
- 1,248 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1954
Listing agency
Modern Broker, Inc.
(559) 786-2168
Listed by
Travis C Beck · License #02059371
(559) 786-2168
Source
Compass
Added: Oct 30, 2025 Updated: Jul 20 at 10:02PM Checked: Jul 21 at 6:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Modern Broker, Inc.
Investment Insights
Based on property information with market context.
This two-unit residential income property includes a main home and a fully permitted detached ADU studio on the same lot. The main home features 2 bedrooms and 1 bathroom, while the detached studio is approximately 429 square feet and includes a kitchenette with granite countertops and a separate bathroom. Both units have dual pane windows and have been updated with new paint.
Each unit also has its own washer and dryer hookups and a dedicated water heater, along with ductless mini split heating and cooling. The studio includes a covered patio area and its own entrance. Both units have fenced-in separate back yards, and the property offers an RV parking space.
The offering includes monthly rental income from both units totaling $2,995, as stated in the provided remarks.
Each unit also has its own washer and dryer hookups and a dedicated water heater, along with ductless mini split heating and cooling. The studio includes a covered patio area and its own entrance. Both units have fenced-in separate back yards, and the property offers an RV parking space.
The offering includes monthly rental income from both units totaling $2,995, as stated in the provided remarks.
Key Highlights
- Main home + fully permitted detached 429 SF studio on one lot, both with private fenced back yards
- 2 bed, 1 bath main home with 1,248 SF plus a separate studio with its own entrance
- Kitchenette in the detached studio with granite countertops and a separate bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.7k | $22.20 |
| − Vacancy | −$1.4k | −$1.16 |
| EGI | $26.3k | $21.04 |
| − OpEx | −$7.9k | −$6.31 |
| NOI | $18.4k | $14.73 |
1,248 SF · lease $22.20/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$262.6K
$229.8K – $306.4K
NOI $18,382 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K
NOI $16,346 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$314.4K
$275.1K – $366.8K
NOI $22,009 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Main home plus detached studio on one lot, each with separate washer/dryer hookups and fenced private back yards.
Where is this duplex located?
The property is located at 1498 Escalon Avenue Clovis, CA.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Main home + fully permitted detached 429 SF studio on one lot, both with private fenced back yards; 2 bed, 1 bath main home with 1,248 SF plus a separate studio with its own entrance; Kitchenette in the detached studio with granite countertops and a separate bathroom
